PwC client Perpetual now the ATO’s crash test dummy
It would be funny if it weren’t for Perpetual’s succession of own goals that have already turned it into an Australian funds management laughing stock.
The losses are really tallying up at fallen blue chip Perpetual, a pillar of Australia’s sharemarket and its most influential investor only a decade ago.
Having dealt its way into a corner via poorly timed and expensive acquisitions of similar asset managers at home and abroad, Perpetual is trying to deal its way out.
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Anthony Macdonald is a Chanticleer columnist. He is a former Street Talk co-editor and has 10 years' experience as a business journalist and worked at PwC, auditing and advising financial services companies. Connect with Anthony on Twitter. Email Anthony at a.macdonald@afr.com
